APRIL 2023 PRESENTATION
Brookfield Properties, the owner of Northbrook Court since 1995, presented a Conceptual Master Plan for the Redevelopment of Northbrook Court on April 25, 2023 at the Village Board meeting. In the presentation, the vision and planning principals for redevelopment of the 100 +/- acre site described a retail & dining destination for the North Shore Region, preservation of Northbrook Court's role as a commercial anchor for the Village, integration of thoughtfully planned residential to create a mixed-use neighborhood, incorporation of open space, parks, walkability, and neighborhood amenities connecting with the community.

MAY 2023 PRE-DEVELOPMENT AGREEMENT
On May 16, 2023 the Village of Northbrook and Brookfield Properties have entered into a non-binding Pre-Development Agreement which outlines in greater detail what is proposed as part of the redevelopment and details the potential public-private partnership between the Village and Brookfield Properties which will be the subject of discussion starting in June 2023 and is scheduled to conclude in September. See the agreement here, which includes the public meeting dates for consideration of all elements of the proposed redevelopment.  

JUNE 13, 2023 PRELIMINARY PLAN APPLICATION
On June 13, 2023, as part of the Village Board of Trustees Regular Board meeting, a review of a Preliminary Plan Application for the proposed redevelopment of Northbrook Court was presented to the Board of Trustees.

CONSIDERATION OF ZONING CHANGES AT NORTHBROOK COURT 
On June 13, 2023, the Village Board heard a preliminary review of the proposed Redevelopment of Northbrook Court as it related to zoning. A public hearing will be conducted as a joint meeting of the Village Board and Plan Commission on August 29, 2023, at 7:30 p.m. at a Special Meeting at Village Hall.    

PROPOSED NORTHBROOK COURT II TIF
On June 16, 2023, a Draft Tax Increment Financing (TIF) Plan and Eligibility Study was posted to the Village's TIF webpage for public review. The Village Board has set the date for a Public Hearing on the proposed TIF for August 22, 2023 at 7:30 p.m. at Village Hall.
 
PROPOSED NORTHBROOK COURT BUSINESS DISTRICT
On July 11, 2023 the Village Board set the date for a Public Hearing on the proposed a Business District at Northbrook Court for August 22, 2023 at 7:30 p.m. at Village Hall. The Northbrook Court Business District Designation Report can be found here. Frequent Asked Questions can be found at northbrook.il.us/Northbrook-Court-Business-District-FAQ .

JOINT PUBLIC HEARING
The Village Board and Plan Commission met on August 29, 2023, where a public hearing was held regarding the zoning application submitted by Brookfield. While the formal meeting packet can be found on the Agendas & Minutes portion of the website. The presentations used at the joint public hearing are linked below:

• PCD-23-08 Staff Presentation
• Applicant Presentation

NEXT STEPS
It was anticipated that approval documents would be presented at the upcoming Village Board meeting on Tuesday, September 26, 2023; however, due to the number of legislative actions to be drafted, consideration of Northbrook Court will be scheduled for a later date – as early as October 10, 2023. Specific legislative actions to be presented to consideration include:

• Creation of a Tax Increment Financing (TIF)  District at the property which would replace the existing TIF which exists today generally on the former Macy’s parcel;
• Establishment of a Business District on the property with a new 1% additional sales tax that would be effective as early as July 1, 2024;
• Amendment of the zoning ordinance;
• A plat of subdivision and a planned development of the property; 
• An agreement establishing the public private partnership and economic incentives generally referred to as a Redevelopment and Economic Incentive Agreement (REIA).

(Northbrook Court preliminary rendering subject to further advancement and change)

Erickson Senior Living is under contract to purchase the former Green Acres Country Club site for future development of a Continuing Care Retirement Community consisting of approximately 800 independent living units and 200 assisted/skilled nursing units. As part of the proposed plan, the developer is proposing to dedicate 80 acres +/- of the approximately 127 acre site for public use, including a possible municipal fire station on west side of the development’s entrance off Dundee Road and the potential for the majority of the remaining land to be open public space. The application is currently undergoing a public review process. A public hearing is scheduled for May 9, 2023. 

UPDATE 
(MAY 11, 2023)